Prop Firm Hub | Page 1468 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #29,341
  • Feb 5, 2024 12:52pm Feb 5, 2024 12:52pm
Quoting Thomas.
{quote} I think 5%er sells to US clients, dont be Suprised if metaqoutes pulls their license like they did with true forex funds. Metaquotes starts pulling licenses from CFD providers that offer Services to US clients
Yes, will have to cross that bridge if/when it comes. Already lost a lot of MFF and TFF. Still have FTMO, perhaps 5%ers will do the same and not allow NEW US clients or are we thinking FTMO will lose MT4/5 for US as well?
  • #29,342
  • Feb 5, 2024 1:01pm Feb 5, 2024 1:01pm
Quoting Desbinary
{quote} Hello Trader191; I trust you're well & I hope you don't mind me chiming in on the engagement between you & Trader Capablanca. It is certainly correct as you outlined that it is not easy but surely you will agree that difficult is not congruent or even related to Impossible! What Trader Capablanca is doing is inert to those who can't do or won't do it. I am doing the same thing but at a much slower pace since I don't Daytrade these accounts. I load orders on all these accounts at W1 or MN Expansions at minute position sizes relative to the...
i see the points of you both. good informative text.
in my opinion it influence the brain (in average ), but i am not the best trader, just the average growing slow and steady trader.
so of course there will be traders who can split it, i just dont know about.

looks like you have a very good "profit/time invested" ratio.
  • #29,343
  • Feb 5, 2024 1:12pm Feb 5, 2024 1:12pm
Quoting pipmaster77
{quote} Yes, will have to cross that bridge if/when it comes. Already lost a lot of MFF and TFF. Still have FTMO, perhaps 5%ers will do the same and not allow NEW US clients or are we thinking FTMO will lose MT4/5 for US as well?
FTMO has 2 other platforms besides Meta , Ctrader and DXtrade so in that aspect, the safest…
  • #29,344
  • Feb 5, 2024 1:15pm Feb 5, 2024 1:15pm
Quoting Stoneyrocks
{quote} FTMO has 2 other platforms besides Meta , Ctrader and DXtrade so in that aspect, the safest…
cTrader was banned in the US in 2014 and FTMO pulled access to cTrader from US clients a couple of years ago.
Those of you outside the US truly have no idea of the environment we trade within.
  • #29,345
  • Feb 5, 2024 1:17pm Feb 5, 2024 1:17pm
Quoting pipmaster77
{quote} Yes, will have to cross that bridge if/when it comes. Already lost a lot of MFF and TFF. Still have FTMO, perhaps 5%ers will do the same and not allow NEW US clients or are we thinking FTMO will lose MT4/5 for US as well?
I don't think anything is going to happen to the 5ers. Whether its Metaquotes or the CFTC. Headquaters out of Isreal somehow they will be out of reach.
  • #29,346
  • Feb 5, 2024 1:21pm Feb 5, 2024 1:21pm
Quoting pipmaster77
{quote} Yes, will have to cross that bridge if/when it comes. Already lost a lot of MFF and TFF. Still have FTMO, perhaps 5%ers will do the same and not allow NEW US clients or are we thinking FTMO will lose MT4/5 for US as well?
Hello PipMaster77;

I trust you are well.

Your resoluteness to continue with poise & purpose regardless of the current challenges is a testament to your & all other Trader colleagues from USA who are demonstrating immense mental strength.

After all, other individuals who function outside of Trading, in "normal" workspaces would become mentally hamstrung into inaction with what is looming & the barrage of developments which have prevailed over weeks/months gone by.

Expressing undue anxiety concerning which may or may not happen does little & counterintuitive for the present moment whilst there are some props who are operational. Your posture along with all others who are continuing regardless whilst the situation evolves is the optimal, most failproof reaction in my view.

It is without any doubt that these companies will either pro-actively deploy mechanisms to circumvent whatever regulation limits imposes or run the risk of rendering themselves irrelevant. Whomever of these props who are "In It To Win It" and interested in building a sustainable business Brand with longevity will surely do whatever is necessary to allow services to USA client. Remaining secure in the knowledge of such businesses desire for self-preservation could cultivate & nurture a mindset of ease & stability with a clear Vision of Peace that Everything Will work out Right as Rain!

Perhaps this period should (in my opinion) be viewed as a sort of "drawdown" to take inventory and sharpen one's resolve whilst the services return to the previous normality. Thereafter with renewed purpose one may once again, get back in the saddle & swing for the fences with vigor.

If I may venture, with due respect, the "losses" you referenced with MFF & TFF, will be returned to you post haste since your Trading Edge is the Ultimate Gift & will invariably usurp any amount of present moment perceived "losses".

I am certain you resonate with the ideology that Every Difficulty brings with it Opportunity for Learning & reinventing oneself.

It is the few who can look directly into the Eye of The Storm & Glean the Values are those who will Rise to Stratospheres which others don't even dare dream of.

When Man is Fearless, He IS Finished & Has accomplished the Square of Life!

I wish this message helps in some small way to rejuvenate Your & Every USA Trader who may currently be somewhat distraught or "concerned"

Sincerely,
Des
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #29,347
  • Feb 5, 2024 1:28pm Feb 5, 2024 1:28pm
Is anyone trading with APEX
  • #29,348
  • Feb 5, 2024 1:29pm Feb 5, 2024 1:29pm
Quoting woody70
{quote} I don't think anything is going to happen to the 5ers. Whether its Metaquotes or the CFTC. Headquaters out of Isreal somehow they will be out of reach.
The Power of Positive Thinking. I hope you are correct.
  • #29,349
  • Edited 2:45pm Feb 5, 2024 1:34pm | Edited 2:45pm
Quoting mizi123
I don't know how may of you following him but and these can happend above 6 milion in funding https://www.youtube.com/watch?v=U5vawvLT_jc
Another bullshitter who bull shits about that he is not a bullshitter. Listen to his video where he "reluctantly" drops/inserts 6 figure payouts, supercars, expensive watches and houses/apartments, etc...all of the youtubers are bullshitters. Big part of their job is to make you believe that they are not bullshitters.
  • #29,350
  • Feb 5, 2024 2:07pm Feb 5, 2024 2:07pm
Quoting yab
Is anyone trading with APEX
Yes
Trade with confidence, trade without fear.
  • #29,351
  • Feb 5, 2024 2:41pm Feb 5, 2024 2:41pm
Quoting woody70
{quote} I don't think anything is going to happen to the 5ers. Whether its Metaquotes or the CFTC. Headquaters out of Isreal somehow they will be out of reach.

I think you’re right regarding the CFTC.

I don’t understand why you would be right regarding Metaquotes, at all, but I have no specific evidence that you’re wrong, either. Why do you think that?
  • #29,352
  • Feb 5, 2024 3:17pm Feb 5, 2024 3:17pm
Quoting Capablanca
{quote} Yep, with that simple formula it's pretty simple to equalize all props offers to avoid being "tricked" by things that seem better but are, in fact, worse. The only difficult may be if the refund % is more than 100% in any offer but even that can be calculated using a % of challenges that achieves a refund. Also if there is a bonus from phase 1 and 2 (which usually is only paid when traders achieve 5% or 10%). Anyway, no need to complicate with that. If we use the formula it's more than enough to have a great comparison between props.
Well said. I am looking for same formula for futures prop firm . They are different animal all together. I have failed 10 challenges even though I was in profit.
  • #29,353
  • Feb 5, 2024 3:32pm Feb 5, 2024 3:32pm
Quoting KarlKraus
{quote} I think you’re right regarding the CFTC. I don’t understand why you would be right regarding Metaquotes, at all, but I have no specific evidence that you’re wrong, either. Why do you think that?
Just a hunch nothing to back it up.
  • #29,354
  • Feb 5, 2024 3:46pm Feb 5, 2024 3:46pm
Quoting pipmaster77
{quote} Yes, will have to cross that bridge if/when it comes. Already lost a lot of MFF and TFF. Still have FTMO, perhaps 5%ers will do the same and not allow NEW US clients or are we thinking FTMO will lose MT4/5 for US as well?

My guess is 5%er will lose their Metaquotes license within the next 2x Months if they keep providing simulated CFD trading to US clients.
They arent any better then true forex funds, just becouse they Call it "hypothetical performance results" doesnt make it not CFD trading.
They can try to go arround Regulation as much as they want, im guessing Metaquotes will dsitance them selfs.

And no, i dont think FTMO will lose their MT4/5 license
1k to 100k Copy Trading All Time Return: 367.9%
  • #29,355
  • Feb 5, 2024 3:50pm Feb 5, 2024 3:50pm
Quoting yab
Is anyone trading with APEX
  • #29,356
  • Feb 5, 2024 4:05pm Feb 5, 2024 4:05pm
Quoting pipmaster77
{quote} Just use the formula.......It works on all models, line 1 on 1stage you only have 1 number to multiply, 3 stage you have 3. Example %5ers 100K for $495 $495 * 1.8 (8% target/10% DD phase 1) * 1.5 (5% target/10% DD) = $1,336.50 Upon passing, you have 10K max loss @80% split =$8,000 $8,000/ $1,336.50= $5.98 For each $1 you would have on personal account, you have $5.98 AVAILABLE LOSS with this example. All things being the same, you can literally trade 6 times the size and therefore earn 6 times the profit.
I like this idea. Dumb question: how did you get 1.8 and 1.5? Wouldn't it be 0.8 and 0.5?
  • #29,357
  • Feb 5, 2024 4:58pm Feb 5, 2024 4:58pm
Quoting Thomas.
{quote} My guess is 5%er will lose their Metaquotes license within the next 2x Months if they keep providing simulated CFD trading to US clients. They arent any better then true forex funds, just becouse they Call it "hypothetical performance results" doesnt make it not CFD trading. They can try to go arround Regulation as much as they want, im guessing Metaquotes will dsitance them selfs. And no, i dont think FTMO will lose their MT4/5 license
Why would FTMO NOT lose their metaquotes license? They are doing the same thing, offering CFD trading to US clients. Why would you view them as exempt?
  • #29,358
  • Edited 5:16pm Feb 5, 2024 5:03pm | Edited 5:16pm
Quoting AaronPriest
{quote} I like this idea. Dumb question: how did you get 1.8 and 1.5? Wouldn't it be 0.8 and 0.5?
The 0.8 and the 0.5 gives you the total profit, the 1 adds back in what you started with. So $500 with 80% profit, would be $400 profit plus the $500 stated gives you $900. $900 with 50% gives you $450 plus the $900 stated with gives you $1,350.
So, if you put $500 in personal account, and hit THE EXACT targets of the firm, in this case 8% and 5% with 10% DD, you would have $1,350. Instead you have 10K max loss with 80% split, which is EXACTLY the same as an $8K personal account. Actually, leverage wise(if you use it), much better as your leverage is on 100K and not $8K, but that's an entirely different subject.
As I explained, if you have other income, savings, etc. to allow you to NOT WITHDRAWAL and KEEP COMPOUNDING, the personal account will exceed the prop account after the 6th scale (assuming 25% scale for every 10% profit, which is truly 100% due to 10% with 10%DD) as personal account will habe $86K and you can now pull everything the prop has paid during that time and still have an account the size of your "scaled" available loss.
It is all quite fascinating when you run the numbers for several years. The key truly is do you need the money now or can you wait until you earn 130% (passing 2 phases) + 600% (scale 6 times), or 730% total before earning a single dime in profit.
This is why, myself and many others simply state, do BOTH and feed the personal account with the profits. Best of both worlds.
  • #29,359
  • Feb 5, 2024 6:01pm Feb 5, 2024 6:01pm
Quoting Capablanca
{quote} Yep, with that simple formula it's pretty simple to equalize all props offers to avoid being "tricked" by things that seem better but are, in fact, worse. The only difficult may be if the refund % is more than 100% in any offer but even that can be calculated using a % of challenges that achieves a refund. Also if there is a bonus from phase 1 and 2 (which usually is only paid when traders achieve 5% or 10%). Anyway, no need to complicate with that. If we use the formula it's more than enough to have a great comparison between props.
Hi Capablanca
Last time you request a payout from blue guardian take how long ?

I requested 1 February still pending till now,
Emailed payment department no respond
  • #29,360
  • Feb 5, 2024 6:56pm Feb 5, 2024 6:56pm
Quoting pipmaster77
{quote} The 0.8 and the 0.5 gives you the total profit, the 1 adds back in what you started with. So $500 with 80% profit, would be $400 profit plus the $500 stated gives you $900. $900 with 50% gives you $450 plus the $900 stated with gives you $1,350. So, if you put $500 in personal account, and hit THE EXACT targets of the firm, in this case 8% and 5% with 10% DD, you would have $1,350. Instead you have 10K max loss with 80% split, which is EXACTLY the same as an $8K personal account. Actually, leverage wise(if you use it), much better as your...
That's exactly what I did in my Excel spreadsheet to make it work correctly. You just didn't have it included in your formula. ;-) But it made sense to add when making an Excel expression for it.

Interestingly enough, of E8's current pricing, the 3 stage comes out with a whopping 6.55 vs 2.97 for 2 stage. I got 2.99 for The5ers High Stakes. I need to check the math and Excel formula again after supper because that really seems far off. It also doesn't work on some instant funding accounts like BuoyTrade or The5ers HyperGrowth without taking other things into account; they come out at 0.04 and 0.07 which is too low to compare correctly, likely because it doesn't take the accelerated scaling into account.
49 traders viewing now